Restaurant Brands International Inc. (TSX: QSR)

QSR Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	7,022	6,505	5,739	4,968	5,603
Revenue Growth (YoY)	7.95%	13.35%	15.52%	-11.33%	4.59%
Cost of Revenue	4,220	3,907	3,341	2,138	2,353
Gross Profit	2,802	2,598	2,398	2,830	3,250
Selling, General & Admin	647	536	454	1,229	1,208
Other Operating Expenses	0	39	20	11	9
Operating Expenses	665	575	474	1,240	1,217
Operating Income	2,051	1,898	1,879	1,422	2,007
Interest Income	40	7	3	9	20
Interest Expense	595	533	505	508	532
Other Expense / Income	571	7	14	107	43
Pretax Income	1,453	1,365	1,363	816	1,452
Income Tax	-265	-117	110	66	341
Net Income	1,190	1,482	1,253	750	1,111
Net Income Growth	-19.70%	18.28%	67.07%	-32.49%	81.54%
Shares Outstanding (Basic)	456	455	464	468	469
Shares Outstanding (Diluted)	456	455	464	468	469
Shares Change	0.22%	-1.94%	-0.85%	-0.21%	-0.85%
EPS (Basic)	3.82	3.26	2.70	1.60	2.37
EPS (Diluted)	3.76	3.26	2.70	1.60	2.37
EPS Growth	15.34%	20.74%	68.75%	-32.49%	83.72%
Free Cash Flow	1,203	1,390	1,620	804	1,414
Free Cash Flow Per Share	2.64	3.05	3.49	1.72	3.01
Gross Margin	39.90%	39.94%	41.78%	56.96%	58.00%
Operating Margin	29.21%	29.18%	32.74%	28.62%	35.82%
Profit Margin	16.95%	22.78%	21.83%	15.10%	19.83%
Free Cash Flow Margin	17.13%	21.37%	28.23%	16.18%	25.24%
Effective Tax Rate	-18.24%	-8.57%	8.07%	8.09%	23.48%
EBITDA	2,349	2,169	2,121	1,740	2,229
EBITDA Margin	33.45%	33.34%	36.96%	35.02%	39.78%
Depreciation & Amortization	191	190	201	189	185
EBIT	2,158	1,979	1,920	1,551	2,044
EBIT Margin	30.73%	30.42%	33.46%	31.22%	36.48%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.